AUD/USD retraces the 0.7000 level, a level last seen on June 13. Sentiment is mixed, but AUD/USD was bolstered by a soft US dollar and the RBA decision. US ISM manufacturing data remains in expansionary territory, although prices and new orders fell. The AUD/USD rises above 0.7000 in a session of mixed sentiment, spurred by […]
Tag: RBA
AUD/USD rises to 1.5-month highs and heads towards 0.7050
AUD/USD jumps to a 1.5-month high on Monday amid a sustained selling bias around the USD. Diminishing odds of a more aggressive Fed rate hike continue to weigh on the dollar. Recession fears weigh on investor sentiment and could help limit dollar losses. Investors are now turning to Tuesday’s RBA and this week’s key US […]
The RBA is expected to apply another 50 basis point hike to 1.85% – NAB
Analysts at the National Australia Bank (NAB) offer a preview of what can be expected from the monetary policy decision of the Reserve Bank of Australia (RBA) on Tuesday. Featured Comments “The RBA meets on Tuesday and is expected to offer another 50 basis point hike, taking the cash rate to 1.85% and its highest […]
AUD/USD struggles around 0.6980 in risk aversion environment and ahead of Fed meeting
AUD/USD falls on bearish sentiment and dollar strengthening. US consumer confidence deteriorates further, while housing data reveals that prices are falling. AUD/USD Price Analysis: With a neutral to bearish bias, it could test the 20-day EMA in the short term. The AUD/USD falls for the first time in the week, pulling back from last week’s […]
AUD/USD rises towards 0.6950 after US data and before Aussie CPI and FOMC meeting
AUD/USD is moving towards solid resistance around the 0.6970-90 area. Weak US economic and manufacturing activity data released on Monday increase the chances of a recession in the country. AUD/USD Price Analysis: Trending Down, But If Buyers Regain 0.6970 Area, A Test Of 0.7000 Is Expected. The AUD/USD rises during the American session but faces […]
AUD/USD flirts with monthly highs above 0.6900
AUD/USD gains ground for the fourth day in a row and hits a new monthly high. Fading expectations of a 100 basis point Fed interest rate hike in July are weighing on the USD and offering support to the pair. High US bond yields help limit USD losses and cap any upward movement in the […]
AUD/USD jumps to 0.6900 zone, hits 2-week highs on weak dollar
AUD/USD gained strong positive traction on Tuesday and soared to a two-week high. The dollar’s negative trend and the RBA meeting minutes remained supportive. The breakout of the downtrend channel supports the prospects for further short-term gains. The AUD/USD pair received aggressive calls on Tuesday and capitalized on its recent recovery move from a two-year […]
RBA: Further rate hikes will be necessary in coming months – Michele Bullock
The Deputy Governor of the Reserve Bank of Australia (RBA), Michelle Bullockhas spoken at a business lunch organized by the Economic Society of Australia, in Brisbane. Featured Comments will be necessary further rate hikes in coming months. Risks to household financial stability “are a bit high”but are unlikely to be substantial. Risks will be important […]
AUD/USD hits 1-week highs and approaches 0.6850
AUD/USD gained traction for the second day in a row amid the ongoing USD corrective pullback. As the chances of the Federal Reserve raising rates more aggressively diminished, the boost in risk appetite weakened the dollar. The breakout of the downtrend channel contributed to the strong positive intraday move. Traders are now keeping an eye […]
AUD/USD struggles to gain traction, holds below 0.6800 amid stronger dollar
AUD/USD gains some ground on Thursday in reaction to a stellar jobs report in Austalia. Expectations of an aggressive Fed rate hike push the USD to a 20-year high and cap the pair’s gains. Recession fears continue to weigh on investor sentiment and the risk-sensitive Aussie. The pair AUD/USD it struggled to capitalize on its […]